In the Spot Market, $1 Is Currently Equal To $\le$ 5086 the Expected Inflation Rate in the U

In the spot market, $1 is currently equal to $\le$ .5086. The expected inflation rate in the U.K. is 3 % and in the U.S. 4 %. What is the expected exchange rate three years from now if relative purchasing power parity exists?

A) $\le$ .4927
B) $\le$ .4935
C) $\le$ .5067
D) $\le$ .5188
E) $\le$ .5240